Milbank Advises LR Health & Beauty Systems on Acquisition in Eastern Europe
Frankfurt, 11 January 2010 – LR Health & Beauty Systems GmbH has acquired a majority stake in the LR-franchise companies in the Czech Republic, Slovakia and the Ukraine from Ales Buksa, one of the best-known entrepreneurs of the Czech Republic. The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised LR Health & Beauty Systems GmbH in this transaction. The deal volume has not been disclosed by the parties involved.
LR Health & Beauty Systems GmbH is a portfolio company of financial investor Apax Partners and was established over 20 years ago in Westphalia, Germany. With 30 locations worldwide, LR Health & Beauty Systems is one of the largest German network marketing enterprises in the field of health and beauty products.
The Milbank team representing LR Health & Beauty Systems included partners Peter Memminger (lead, corporate/M&A, Frankfurt) and Suhrud Mehta (financing, London) as well as Frankfurt associate Thomas Tiedemann (corporate/M&A) and Patrick Holmes (European Counsel, financing, London).
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a pre-eminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions and litigation. Our transactional expertise includes capital markets, corporate finance and transactions, project finance, acquisition finance, and other major fields of law practice. Milbank litigation teams resolve disputes involving mergers and acquisitions, proxy battles, financings and securities offerings, intellectual property, white collar crime, and corporate restructurings, among others. Our clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals. The Firm is headquartered in New York with offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, Singapore, Tokyo, and Washington, DC.
Milbank set up its first European office in London in 1979. The firm’s German offices were opened in Frankfurt in 2001 and in Munich in 2004. Milbank’s European presence has more than doubled in the last two years with growing practices in capital markets, corporate, finance, private equity, outsourcing and litigation. By combining the skill and experience of the lawyers in Milbank's German offices with that of the finance, corporate and tax lawyers based in other Milbank offices, in particular London and New York, Milbank Germany offers its clients fully integrated legal advice at the highest level in these core areas under German, English and US law.